Bitcoin Technical Analysis : BTC/USD 12 March 2020

12 March 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 12 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 12 March 2020

Pivot point : 7762

Our preference : the downside prevails as long as 7762 is resistance.

Alternative scenario : above 7762, look for 7915 and 8007.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 7767 and 7795).

Supports and resistances :

8007 **
7915 *
7762
7618 – Last price
7435
7344 *
7252 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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